Economics, Trade & Investment

7 May 2010: The European Investment Bank (EIB), the French Development Agency (AFD) and the European Development Finance Institutions (EDFI) have signed a Memorandum of Understanding to establish the Interact Climate Change Fund.

30 April 2010: The European Investment Bank (EIB) and Daiwa Securities Group announced an issuance of Climate Awareness Bonds to finance the EIB's future lending projects in the fields of renewable energy and energy efficiency.

The Clean Energy Forum, organized by the Asian Development Bank (ADB), USAID and the World Resources Institute, will feature a panel addressing the issue of Supersizing Energy Efficiency and Renewables to Meet the Climate Challenge.

May 2010: The Global Environment Facility (GEF) has published documents for the Fourth GEF Assembly, including a report of its Scientific and Technical Advisory Panel (STAP), which highlights that climate change is "even more dangerous than previously expected" and identifies a series of climate change tipping points (GEF/A.4/3).

The International Monetary Fund (IMF) and World Bank Group Spring Meetings, held in Washington DC from 24-25 April 2010, increased voting power in the International Bank for Reconstruction and Development (IBRD) for developing and transition countries by 3.13%, bringing it to a total of 47.19%, and also agreed to continue working towards equitable voting power while protecting the voting power of the smallest poor countries.

3 May 2010: The Asian Development Bank (ADB) announced a solar energy initiative to generate 3,000 megawatts of solar power over the next three years, with plans to invest US$2.25 billion and the potential to leverage an additional US$6.75 billion in co-financing.

28 April 2010: German Chancellor Angela Merkel organized a meeting with the OECD Secretary-General, WTO Director-General, ILO Director-General, IMF Managing Director and World Bank President. The joint press release from the event identifies several fields for action, including green growth and climate change.